Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-02-12
REAL ESTATE GOSSIP.

| REAL ESTATE GOSSIP.
Some Of the Latest Phases Of the Spec
ulafive Movement.
A FINE PRIVATE RESIDENCE TO BE ERECrED-THE
| SAFE DEPOSIT COAPANY'S NEW BUILDING-oTHkR
| MATTERS OF INTEREST.
| The passage OF the bill by the House authorizing
the erection OF bridge across the Eastern branch
at the head OF Pennsylvania avenue has given re-
| newed impulse TO the activity in real estate In
that locality, and sales during the past week have
| been unusually numerous. A great deal OF the
land has been bought up in large blocks and there
is no doubt that the present speculative activity
will give place before long TO the era OF improve
| menIS.
| Speculation is still active In Meridian Hill
| and large number OF sales have recently been
| made. For the land In this subdivision ad-
| Joining boundary rather high figures have al
ready been reached. But In Columbia Heights
and tS CnsefsIy ra ,G Which lies to the east
| high water mark In prices for suburban property
The kllorama Heights property, when 1t is placed
| chusettS avenue just beyond Boundary, will prob
| ably start at S1-50 or so a foot, so that it may
result before long that property In the city can be
bought for less than property beyond the Bound
| AIRY.
Another phase of the present interest in subur-
ban property Is the erection OF hotels convenient
To the city and the provision that is being made for
| country homes. The hotel that is being erected
| at Forest Glen, on the Metropolitan road is nearly
completed, ana IL Is expected that it will be ready
\ 10 be opened early in the summer. The work on
the MOTEL On the Tenleytown road, near the Pres
ldenCs mouse, Is also going on and 1t is probable
that IL viii be ready this summer the reception
| OF guests. A company, already stated In THE
but the work has not yet been begun. There is
considerable activity in the little colonies that
have been formed or Washington people along the
Metropolitan branch OF the b. and o. railroad. At
Iakolna Park new addition OF land has been
added ana SuDdiylded, and many OF the purchasers
OF lots have announced their Intention to build.
AT Garrett Park, near Knowles station, the asSO-
citation OF Washington people who purchased this
land are now having roads made. and are making
idence for their superintendent and they say that
a number OF their members have decided TO erect
homes there for their own use
HANDSOME RESIDENCE.
Mrs. II. NJ Hutchinson intends to build a fine
residence on the vacant ground adjoining her
present residence, which is ON the north side OF
Massachusetts, avenue, between 10th and 18th
streets. The house will be large and rOony
and ba W1h w 1h 81
will be lawns on both sides OF the house, thus
allowing In the eighty feet OF the depth OF the
house ample facilities for admitting light and air.
The plans as prepared by the architect, Mr.. w.
Bruce Gray, show pleasing design in the French
gothic style OF architecture The material used will
be Drlck. With Seneca stone employed with good
effect The three stories, with the high-pitched
roof, Will be supported on basement OF rock
center, and side In the second story Will be
an oriole window OF stone supported on cOrbel
fourteen feet in length. A balcony in the third
story finishes this feature. On the other side will
be tower forming a circular bay window. The
principal cornlce will be Of stone, and where IT
enclrcieS the bay window it will be enriched with
a handsome stone mosaic. The high pitched
root is covered with slate. and the
with copper. The rock faced stone which is nitro.
duced with good effect gives an element OF grace
ana strength which is so much admired in ar
chitecture, and while ornamentation is not diSre-
garded il is made subordinate TO other features
which contributes TO substantial building. The
entrance is through on open vestibule ten feet
wide, SurmOuntcd by handsome series OF arches
supported by columns and carved capitals. The
interior will be very handsomely finished and SO
arranged that IT Will afford admirable facilities
for social purposes. The large entrance hall viii
be separated by q carved oak arch and solid oak
columns from the central hail. where the stair
is located. Opening from this hail is the dining
room. thus alfording continuous suite from the
front door. A similar arrangement is made Of
The large saloon pariorS on the east side OF the
house, which are connecting rooms and open into
large conservatory. There Is also entrance
from the dining room 70 the conservatory. The
wood work on the first floor will be oak, and On
the second floor ash. The halls and dining room
viii have panelled walls and open timber ceiling,
ana viii give very rich effects. On the second
floor is gallery overlooking the stair case hall
where musicians can be placed on occasions when
large parties are given All the interior partition
walls Will be brick and the outside walls eighteen
Inches and the work throughout Will be SuDStan-
tial and handsome.
NEW SUBURBAN SUBDIVISION.
"Whitney Close" new subdivision OF suburban
land recently placed on the MARKET is on the east
side OF 7th street road adjoining the Soldiers
Home grounds and lies on the north and south
side OF Whitney avenue, which is the entrance to
the grounds. syndicate has purchased three Of
vided and also the front lots in two additional
ns I By ID TOE Ra
last.
SIX NEW HOUSES
Mr.. Chas. E. Foster is about to make extensive
Improvements on his lots on the southwest corner
OF 10th and X streets northwest, recently pur-
chased by him. He viii erect six three-story and
basement brick dwellings, to be built with press
brick and Georgia marble and mansard roof Of
tile. These dwellings viii be erected from plans
made by Mr.. y. T. Halter, the architect. The cost
OF this improvement will be $42, 600.
THE SAFE DEPOSIT co.'s NEW BUILDING
fine business Improvement is to be begun next
month In the erection by the National Safe De.
posit company OF a fre-proof building on the
present site of their business place-the north
The property OF the company comprises q frontage
OF sixty-f1ve feet on New York avenue and one
hundred and thirty feet on 18th street. Owing to
utilized II is the purpose TO erect here a fire-
proof building five or six stories high The archi-
tect, Mr.. Janes Ii. Windr1m, OF Philadelphia who
Is the architect OF the Girard estate has only COM
pleted the prei,nnarie5 OF his design, which have
been approved by the directors Col. Robert l.
Fleming has been selected to superintend the con-
structl0n OF the building. While the work OF cree
tion Is in progress, the Offices and vaults OF the
company on the first floor will be enclosed or
logged in,' and the business will go on as usual
The entire first floor OF the new building Will be
occupied 10y the company and the upper floors
Will be used for Office purposes. The cOnStruc-
ton Will be entirely nre-proof, stone brick and
iron being the materials used. The main entrance
TO the conpanys Office will be as now In the cor
ner, and ne entrance to the upper floors on New
YORK avenue. There will be a bay window projec-
ton on the 18th street front and rounded tower
projection Will ornament the corner. The build
Ing Is TO be constructed In the best manner and
wniie there IS no definite amount fixed for the
building TO cost, preliminary estimate places the
cost at $4,000 and 1t will probably be more
REAL ESTATE NOTES
The amount OF real estate notes that are held In
this city and elsewhere On property located here
must be very great The list of trusts placed on
record as given in the daily court record as rule
equal in number the deeds placed On record and
generally exceed them in number. 1t is apparent
tn3J very lew sales are cash sales, and in fact
sellers as rule are said 60 prefer only part cash
payment, because they would rather have their
money at interest. Then IL Is said that it is very
easy TO negotiate such notes. and In fact they are
often turned over In part payment Of property
The banks OF course DO not cash the notes but
with this exception they are considered good
paper. very small cash payment on tranSac-
tons is now taken, the balance being In the notes
OF the purchaser secured on the property The
rule OF one-Jhrd cash is very frequently departed
FROM owing mainly TO the large amount OF money
that Is available for investment thus not making